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Child Item

Sean Quinn Jailed

SEPT 23 1989

Sentenced to nine weeks

http://www.rte.ie/news/2012/1102/sean-quinn.html

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cournioni

Our man in Havana wrote: »

Cavan people have discovered the internet.

ZzzzzzzzZZZzzzzzzzz....

Curly Judge

Debthree wrote: »

Well said. There's only a 'thanks' button, there's no 'standing ovation' button which you deserve.

I love how the "8000" jobs thing keeps getting thrown around as if Sean Quinn was a charity worker with the Red Cross giving 8000 cups of water to dying kids in the third world. ALL capitalists have employees. They actually can't do all the work themselves so they, er, hire people. It goes way back. They give money and in turn people give labour. That fact does NOT automatically mean they are good or decent people. I am shocked and disillusioned (again) that some people on this thread see Quinn as a victim. I mean, it's too funny really how Quinn's media campaign has succeeded. He's a lying, corrupt, self-serving, two-faced, selfish, greedy thug. He's no more a victim of Anglo than Himmler was a victim of Hitler's.

A little reality checks perhaps?
Sean Quinn didn't wake up one morning, twiddle his lips and say, "Hmmnn, I think I'll start a business and create 8,000 jobs and that'll be great and all the lefties will think I'm a wonderful chap altogether".
Eh, that's not how it works!
That's not how the meat and bread you'll buy this morning to feed your family arrives on the supermarket shelves.
Its not how or why inventions are exploited for the benefit of us all.
It's not how wealth is created, so that taxes can be levied, so that services can be provided, so that public servants can get cushy jobs.
The real scandal of this country is that all the taxes paid by public servants now go to finance their pensions. That's the real scandal
The reason the Sean Quinn saga is so compelling is that he is a flawed genius. A sort of modern day Cú Chulainn, who is now dying on his shield.
I hope that, unlike Cú Chulainn, he will arise Phoenix like and come back to twist the tail of all the scribbling Pharisees and whinging curs now snapping at his heels.

Curly Judge

humanji wrote: »

You're 100% right!

Thank!

Japer

Curly Judge wrote: »

A little reality checks perhaps?
Sean Quinn didn't wake up one morning, twiddle his lips and say, "Hmmnn, I think I'll start a business and create 8,000 jobs and that'll be great and all the lefties will think I'm a wonderful chap altogether".
Eh, that's not how it works!
That's not how the meat and bread you'll buy this morning to feed your family arrives on the supermarket shelves.
Its not how or why inventions are exploited for the benefit of us all.
It's not how wealth is created, so that taxes can be levied, so that services can be provided, so that public servants can get cushy jobs.
The real scandal of this country is that all the taxes paid to public servants now go to finance their pensions. That's the real scandal
The reason the Sean Quinn saga is so compelling is that he is a flawed genius. A sort of modern day Cú Chulainn, who is now dying on his shield.
I hope that, unlike Cú Chulainn, he will arise Phoenix like and come back to twist the tail of all the scribbling Pharisees and whinging curs now snapping at his heels.

Well said. Wonder how many big state pensions Quinn funded ( Cowen and the regulator and the Central bank boys and the dept of finance boys etc )....these boys are all on public service pensions of 100,000 plus per year, while Quinn is bankrupt and in jail. Something very wrong there.

Grayson

fatherbuzcagney wrote: »

It seems to upset some people on here to be reminded how Quinn employed '8000' or so people , maybe posters should say Quinn kept '8000' people of the dole and it may not upset posters so much. It gives people satisfaction to see a successful businessman make mistakes and get punished and lose everything , people who get satisfaction from seeing this happen would want to have a good look at themselves . It seems Quinn is responsible for bringing Anglo bank down on his own as he is the only customer of the bank i have heard of that owed them money . He offered to pay his debts but the banks were not interested. Quinn maybe no saint but the corruption that has gone on behind closed doors in Anglo with regulator/government could well make Quinn look like a saint.

How much has Sean Quinn paid you?

There are loads of capitalists out there. All of them are filthy rich because they wanted to be. Not one of them thought "Someone needs to create 10,000 jobs to support the local economy. I know!! I'll do it!" and if you believe that they did it all out of the goodness of their hearts, you're an idiot. They're rich because they wanted to be. they have big businesses and employ thousands because that's how you get rich. Everything Sean Quinn did, he did for himself.

So quit talking about him like he's an amazing selfless person.

For what it matters, I like most capitalists. I like people who become filthy rich in an honest manner. I dislike those that gamble the jobs they created on making themselves righer. And that's what Sean Quinn did. He gambled everything, lost and now we the tax payer have to pay the price. You have to have a certain amount of greed to to be a successful capitalist. He was too greedy

Japer

As someone else said, the corruption that has gone on behind closed doors in Anglo with regulator/government could well make Quinn look like a saint.

As regards greed, the greed I see in top public servants ( Cowen and the regulator and the Central bank boys and the dept of finance boys etc) who are holding on to their golden pensions (each well over 100,000 per year ) despite ******** up the economy exceeds the greed of anyone in the border region....who started with nothing and earned anything they had, and paid taxes on it to fund the big golden public service pensions of those who jail the person who took them out of poverty.

kunst nugget

Curly Judge wrote: »

The reason the Sean Quinn saga is so compelling is that he is a flawed genius. A sort of modern day Cú Chulainn, who is now dying on his shield.[/COLOR]
I hope that, unlike Cú Chulainn, he will arise Phoenix like and come back to twist the tail of all the scribbling Pharisees and whinging curs now snapping at his heels.

Haha, that is the funniest bit of trolling I've read in a long time. Cú Chulainn, ffs...

Please, all Quinn supporters, I urge you to read this report, free of any embellishment, on the BBC website and tell me afterwards why you still think he is being treated unfairly.

http://www.bbc.co.uk/news/uk-northern-ireland-19063419

backup to cancel

Super-Rush wrote: »

I suggest both of you rethink the way you post about the people of Cavan.

Capeesh?

Please, if you try to be cool and tough at least don't spell the word phonetically.
The correct spelling is capisce!
Idiot!!

misterdeeds

I can't be ar**d reading all the posts before I reply, because what sean quinn did is sickening, he had such a good life and all the money he could ever need more than a lot of people in Ireland and indeed the world, but this wasen't enough for him he wanted more,GREED GREED and more GREED
serves him right and he deserves all he gets .
Rant over .

fatherbuzcagney

Grayson wrote: »

How much has Sean Quinn paid you?

There are loads of capitalists out there. All of them are filthy rich because they wanted to be. Not one of them thought "Someone needs to create 10,000 jobs to support the local economy. I know!! I'll do it!" and if you believe that they did it all out of the goodness of their hearts, you're an idiot. They're rich because they wanted to be. they have big businesses and employ thousands because that's how you get rich. Everything Sean Quinn did, he did for himself.

So quit talking about him like he's an amazing selfless person.

For what it matters, I like most capitalists. I like people who become filthy rich in an honest manner. I dislike those that gamble the jobs they created on making themselves righer. And that's what Sean Quinn did. He gambled everything, lost and now we the tax payer have to pay the price. You have to have a certain amount of greed to to be a successful capitalist. He was too greedy

Sean quinn has not paid me anything but i have been able to make a living in the past due to him taking on the monopolies that existed. I have not talked about him as an amazing selfless person and know that all capitalists , Quinn included only create jobs so as they can become wealthy by doing so. Don't fall of your high horse while your trying to make others look foolish with your smug smart arse sh!t talk. The tax payer is picking up the tab because of the corruption that has gone on behind closed doors between Anglo and the Government and wouldn't give Quinn the chance to pay for the mess he got himself into.

suicide_circus

Curly Judge wrote: »

A little reality checks perhaps?
Sean Quinn didn't wake up one morning, twiddle his lips and say, "Hmmnn, I think I'll start a business and create 8,000 jobs and that'll be great and all the lefties will think I'm a wonderful chap altogether".
Eh, that's not how it works!
That's not how the meat and bread you'll buy this morning to feed your family arrives on the supermarket shelves.
Its not how or why inventions are exploited for the benefit of us all.
It's not how wealth is created, so that taxes can be levied, so that services can be provided, so that public servants can get cushy jobs.
The real scandal of this country is that all the taxes paid to public servants now go to finance their pensions. That's the real scandal
The reason the Sean Quinn saga is so compelling is that he is a flawed genius. A sort of modern day Cú Chulainn, who is now dying on his shield.
I hope that, unlike Cú Chulainn, he will arise Phoenix like and come back to twist the tail of all the scribbling Pharisees and whinging curs now snapping at his heels.

Ermm ...how exactly is Quinn like Cú Chulainn ? Cú Chulainn is an ancient mythical figure with supernatural powers, where as Sean Quinn is a businessman who got gready, gambled and lost and was then found in contempt of court and sent to prison.

9959

fatherbuzcagney wrote: »

Sean quinn has not paid me anything but i have been able to make a living in the past due to him taking on the monopolies that existed. I have not talked about him as an amazing selfless person and know that all capitalists , Quinn included only create jobs so as they can become wealthy by doing so. Don't fall of your high horse while your trying to make others look foolish with your smug smart arse sh!t talk. The tax payer is picking up the tab because of the corruption that has gone on behind closed doors between Anglo and the Government and wouldn't give Quinn the chance to pay for the mess he got himself into.

If only the Government would give us all a chance to "pay for the mess we got ourselves into"
Wouldn't life be grand for all those in negative equity.
Sorry, but if you fukc up you fukc up, Sean Quinn included.

By the way, we'll pay for his mess.

fatherbuzcagney

9959 wrote: »

If only the Government would give us all a chance to "pay for the mess we got ourselves into"
Wouldn't life be grand for all those in negative equity.
Sorry, but if you fukc up you fukc up, Sean Quinn included.

By the way, we'll pay for his mess.

All those in negative equity have not got the ways or means to pay off their huge mortages that were thrown at them by the generous banks where as the Quinns had the means to pay their way if they were given the opportunity.

The mess most people are in can be attributed to the way in which the Government and banks fuelled the property boom and let things get out of control .

K-9

Seanie Fitz was a great man, all those 100's of thousands of jobs he helped create.

Justice for Seanie.

9959

fatherbuzcagney wrote: »

All those in negative equity have not got the ways or means to pay off their huge mortages that were thrown at them by the generous banks where as the Quinns had the means to pay their way if they were given the opportunity.

The mess most people are in can be attributed to the way in which the Government and banks fuelled the property boom and let things get out of control .

Your last paragraph, for the most part, yes.

However, Sean Quinn took a massive punt on 'contracts for difference' and lost his bollocks.
He then thwarted the courts in their efforts to recoup monies owed to IRBC (us), hence he now languishes in jail for his contempt of court, simple.

If he's a victim, then I'm a billionaire from Cavan keeping on eye on the big sweaty fella staring at me lasciviously!

[Deleted User]

Why the f*ck has our national broadcaster turned into a tabloid? Ffs

m.rte.ie/news/2012/1103/sean-quinn-jnr-visits-father-in-prison.html

Quality evident here.

tayto lover

What is the difference between Sean Quinn and the Bankers?
We ended up bailing all of them out.
They all should be in jail + the Regulator.

Grayson

fatherbuzcagney wrote: »

Sean quinn has not paid me anything but i have been able to make a living in the past due to him taking on the monopolies that existed. I have not talked about him as an amazing selfless person and know that all capitalists , Quinn included only create jobs so as they can become wealthy by doing so. Don't fall of your high horse while your trying to make others look foolish with your smug smart arse sh!t talk. The tax payer is picking up the tab because of the corruption that has gone on behind closed doors between Anglo and the Government and wouldn't give Quinn the chance to pay for the mess he got himself into.

See this is the way I see it.

He owes Anglo Billions (Let's savour that word. BILLIONS).

Anglo call in the debt.

They get a court order that says his property is theirs.

Anglo is owned by the state (that by the way includes you. I'm assuming you're irish)

To avoid paying anglo, he starts getting his assets and moving them out of anglos reach. He does this by falsifying documents to say that he transfered ownership before everything gets messed up.

Now here's the bit that most people don't get. He's not moving his assets out of Anglos reach. Those assets already belong to Anglo. And therefore belong to the state. What he's actually doing is trying to steal hundreds of millions from the state (that still includes you).

Remember, no-one ever forced him to take out the CFD and place a bet on the share price of anglo. And that's what it was, it was a bet.

When you place a CFD, you bet on the share price. If the share price rises then the buyer receives the difference from the seller at the due date. However, if the share price falls then the buyer must pay the shortfall to the seller. He pledged billions on a bet on anglo shares. And those shares ended up being worth pennies.
Another thing about CFD's is that you don't even have to have all the money at hand. So he bet billions that he didn't actually have.
And one final thing about CFD's. You don't have to declare them. So he managed to invest in 25% of Anglo and no-one knew until it all went bad.

He tried to escape by declaring himself bankrupt in the north and saying he was a british citizen. But they found electoral roles that showed him living and voting in Cavan. And he's trying to steal property that the state owns by falsifying documents.

How exactly is he a victim? He bet everything on one roll of the dice and got snake-eyes.
Yes, there are loads of people to blame for the crash. But regarding Quinns financial troubles, he made all his decisions himself without any coersion and he knew exactly what he was doing.

ProudDUB

What Grayson said. Times infinity. To the moon and back. And beyond !!!

Or as I would say (far, far less eloquently) "victim" me b0llix !!!

I have in laws from Cavan and they (thankfully) are as horrified by all this carry on as most sane people are. Quite a few of them are not that well educated, and have suffered from long term unemployment for a long time. They know what hardship is in ways that I can only imagine, but they are good, honest, hard working, no bull$hit kind of people. They (thankfully) don't let the fact that Sean Quinn's companies brought employment to their neck of the woods blind them to the fact that the man is and always has been a crook and a liar. Good for them I say, and less bashing of the folk from that part of the world por favor. Most of them do actually have functioning brains. Thanks to that fact, my Chrimo Day dinner won't be now spoiled by my sister in law and I screaming insults at each other over the dining room table about poor, poor Saint Seanie !

Park Royal

There are alot more people who should be up for criminal negligence , such as

County Managers, Planning Departments in most counties, county building inspectors, ....each and every county ended up with near thousand empty housing units in....each county........professional planners.....me arse...

as for the Central Bank and the Regulator these were obviously not fit

for purpose and each administration ( ie government party) who oversaw this
situation...must take the blame ....as the buck stops with them....

there are some investigations ongoing into the banking "situation" and I suspect many Bank Directors are going to take a hit, together with many Bank Financial Controllers ......

as for Quinn.....when he started selling cheap cement across the Border from Fermanagh .....Derrylynn .....he was on a winner.....caused a few jobs to be lost in the 26 counties , but no matter, created more in there place....

I'm sure when he and his family sort themselves out....there might be another good product they could sell from the 6 counties into the Republic....fuel perhaps.....?

Maacgyver

Tony Soprano. wrote: »

You make a good point. The internet, these days, seems to be full of cowards hiding behind their alias. Would they have the balls to say it to his face?

Whilst I do believe Quinn SHOULD have been jailed - as contempt of court - allows for nothing else - and rightly so.

But the man did put a solid business proposal before Anglo, for a way of paying back over €2bn, that was backed by Deutsche Bank, yet the likes of Alan Dukes (who never ran a commercial business in his life) turned it down.

Sean Quinn did admit he make a massive mistake with CFD investing, and had been sold Anglo shares under false pretences. Now he's telling Anglo go fook themselves, and I can kinda see where he's coming from.

Im sure that you are correct that plenty would not have the balls to insult him to his face as they would probably be broken by the Sinn Fein (The same communists who mysteriously back an ex billionaire hiding milllions from the state) thugs backing him. I also find it interesting that you go by the name of Tony Soprano, by your own logic that also makes you a coward.

As for his solid business proposal it was about as solid as butter in a fireplace. His ponzi scheme insurance company which did not keep enough money aside for claims is now a worthless crock of doodoo which is being kept on life support by the state. His other assets are attached to the property bubble and also worthless liabilities and the jobs he 'created' are being paid for by the state now.

He along with others has condemned decades of misery to the irish population through his criminal greed and just because he is the first to go to prison doesn't make him a special case. And please stop trying to pretend you agree with him being in jail when you obviously don't and are a supporter of his selfish and immoral action of withholding assets which now legally belongs to the Irish people.

Grayson

btw, in case anyone thinks I'm picking on Quinn, I'm not. I have a large amount of hatred for most of Fianna Fail. They are to blame for the overall state of the economy.

fatherbuzcagney

Grayson wrote: »

See this is the way I see it.

He owes Anglo Billions (Let's savour that word. BILLIONS).

Anglo call in the debt.

They get a court order that says his property is theirs.

Anglo is owned by the state (that by the way includes you. I'm assuming you're irish)

To avoid paying anglo, he starts getting his assets and moving them out of anglos reach. He does this by falsifying documents to say that he transfered ownership before everything gets messed up.

Now here's the bit that most people don't get. He's not moving his assets out of Anglos reach. Those assets already belong to Anglo. And therefore belong to the state. What he's actually doing is trying to steal hundreds of millions from the state (that still includes you).

Remember, no-one ever forced him to take out the CFD and place a bet on the share price of anglo. And that's what it was, it was a bet.

When you place a CFD, you bet on the share price. If the share price rises then the buyer receives the difference from the seller at the due date. However, if the share price falls then the buyer must pay the shortfall to the seller. He pledged billions on a bet on anglo shares. And those shares ended up being worth pennies.
Another thing about CFD's is that you don't even have to have all the money at hand. So he bet billions that he didn't actually have.
And one final thing about CFD's. You don't have to declare them. So he managed to invest in 25% of Anglo and no-one knew until it all went bad.

He tried to escape by declaring himself bankrupt in the north and saying he was a british citizen. But they found electoral roles that showed him living and voting in Cavan. And he's trying to steal property that the state owns by falsifying documents.

How exactly is he a victim? He bet everything on one roll of the dice and got snake-eyes.
Yes, there are loads of people to blame for the crash. But regarding Quinns financial troubles, he made all his decisions himself without any coersion and he knew exactly what he was doing.

The state took Ango 'a sinking ship' under their control now the tax payer get to pick up the tab. Good decision by the boys in charge??

Quinn's almighty gamble on Anglo was an inexcusable fcuk up on his behalf but how this was allowed to happen is unclear and should not have been allowed to happen. The regulator with his eyes and ears closed gets a wad of cash and told to fcuk out and enjoy his retirement. Quinn allowed to have a punt on tic on the share price of the bank that was giving him the credit, i can't see how Quinn can shoulder all the blame as Anglo/regulator had assisted him by allowing him to carry out this gamble. Quinns actions thereafter are also inexcusable and he is deserving of his jail term but he has reasons for doing what he did as he feels that he has been treated unfairly by Anglo/Government.

Grayson

fatherbuzcagney wrote: »

The state took Ango 'a sinking ship' under their control now the tax payer get to pick up the tab. Good decision by the boys in charge??

Quinn's almighty gamble on Anglo was an inexcusable fcuk up on his behalf but how this was allowed to happen is unclear and should not have been allowed to happen. The regulator with his eyes and ears closed gets a wad of cash and told to fcuk out and enjoy his retirement. Quinn allowed to have a punt on tic on the share price of the bank that was giving him the credit, i can't see how Quinn can shoulder all the blame as Anglo/regulator had assisted him by allowing him to carry out this gamble. Quinns actions thereafter are also inexcusable and he is deserving of his jail term but he has reasons for doing what he did as he feels that he has been treated unfairly by Anglo/Government.

CFD's aren't monitored since you're not actually buying shares. If anyone is to blame for that, it'd be Fianna fail. During the boom, CFD's were nearly as popular as actual share trading. They should have regulated it.

But that removes no blame from Quinn. It's like saying that if someone gets murdered with a legally owned firearm, the state is to blame and not the person who owned the gun and pulled the trigger. Sure, good gun regulation is great. But no matter how good or bad the regulation happens to be, itdoesn't remove any responsability from the person who pulled the trigger.

cartell_best

An incredible amount of people made bad investments during the celtic tiger era. Buying homes that now are worth less than half what they paid for the properties. The misfortunates listened to and bought into the hype. Banks were more than willing to feed the frenzy and allow people to do what wouldn't have happened 10 years ago, invest in something that all the banks believed would last and unfortunately, the banks confidence rubbed off on people. Regardless of how wealthy they were, or how wealthy they thought they would become, simply because of "investments"..

daddyderek

Grayson wrote: »

See this is the way I see it.

He owes Anglo Billions (Let's savour that word. BILLIONS).

Anglo call in the debt.

They get a court order that says his property is theirs.

Anglo is owned by the state (that by the way includes you. I'm assuming you're irish)

To avoid paying anglo, he starts getting his assets and moving them out of anglos reach. He does this by falsifying documents to say that he transfered ownership before everything gets messed up.

Now here's the bit that most people don't get. He's not moving his assets out of Anglos reach. Those assets already belong to Anglo. And therefore belong to the state. What he's actually doing is trying to steal hundreds of millions from the state (that still includes you).

Remember, no-one ever forced him to take out the CFD and place a bet on the share price of anglo. And that's what it was, it was a bet.

When you place a CFD, you bet on the share price. If the share price rises then the buyer receives the difference from the seller at the due date. However, if the share price falls then the buyer must pay the shortfall to the seller. He pledged billions on a bet on anglo shares. And those shares ended up being worth pennies.
Another thing about CFD's is that you don't even have to have all the money at hand. So he bet billions that he didn't actually have.
And one final thing about CFD's. You don't have to declare them. So he managed to invest in 25% of Anglo and no-one knew until it all went bad.

He tried to escape by declaring himself bankrupt in the north and saying he was a british citizen. But they found electoral roles that showed him living and voting in Cavan. And he's trying to steal property that the state owns by falsifying documents.

How exactly is he a victim? He bet everything on one roll of the dice and got snake-eyes.
Yes, there are loads of people to blame for the crash. But regarding Quinns financial troubles, he made all his decisions himself without any coersion and he knew exactly what he was doing.

fantastic .........cut to the chase .....

TheUsual

Them Quinn bucks are too pretty to be in Prison.

[Deleted User]

Can anyone answer a few questions for me?

1: Quinn says he offered to pay back the money he owed within 7 years, a payment plan that it is claimed was backed as being a legitimate possibility by some reputable source (possibly a German bank) This offer was rejected. Did this happen and if so, why?

2: Presumably Quinn is trying to contest the loan's made to him from Anglo Irish under Section 60 of the Companies Act. If he can prove that Anglo shouldn't have lent the money then the loan would be invalid and the subsequent actions by Anglo/Government would need to be reversed. Is this case being brought before the courts?

3: Did Anglo know that they money they were lending to Quinn was going to buying shares in the bank? Do you "buy" CFD's as such? And does CFD give you the same rights as shares with regard to ownership ie. Was Quinn trying to buy control of Anglo?

4: Why exactly is the levy being imposed on Irish insurance policies as a result of Quinn Insurance?

Thank you for anyone who can shed any light on the above.

Celly Smunt

KeepTheFaith wrote: »

Can anyone answer a few questions for me?

1: Quinn says he offered to pay back the money he owed within 7 years, a payment plan that it is claimed was backed as being a legitimate possibility by some reputable source (possibly a German bank) This offer was rejected. Did this happen and if so, why?

2: Presumably Quinn is trying to contest the loan's made to him from Anglo Irish under Section 60 of the Companies Act. If he can prove that Anglo shouldn't have lent the money then the loan would be invalid and the subsequent actions by Anglo/Government would need to be reversed. Is this case being brought before the courts?

3: Did Anglo know that they money they were lending to Quinn was going to buying shares in the bank? Do you "buy" CFD's as such? And does CFD give you the same rights as shares with regard to ownership ie. Was Quinn trying to buy control of Anglo?

4: Why exactly is the levy being imposed on Irish insurance policies as a result of Quinn Insurance?

Thank you for anyone who can shed any light on the above.

are you a lazy journalist?

[Deleted User]

pmcmahon wrote: »

are you a lazy journalist?

Are you someone who doesn't want to or isn't able to answer the questions I posed but felt the need to post something smart arsed nonetheless?

No I am not a journalist, lazy or otherwise. I was asking questions I felt very relevant to the point that I haven't seen dealt with in any great detail and that some knowledgeable folk on this thread may be able to answer.

Or would you rather I posted angry statements about "focking boggers in Cavan" or "He created our jerbs!"..